Laboratory Information System MarketOverview

A Laboratory information systems analyses the potential world markets for health care laboratory information system hardware and software which are in practice in the drug discovery, research labs, clinical diagnostics labs, andnext-generation sequencing labs. Since its advent, it has been industries most technically advanced information management system.

A Laboratory information system is a complex system designed for data and information management related to medical laboratories which include analytical and clinical laboratories. This includes research and development labs, quality assurance labs and in-process testing labs. The information is stored in the LIS database for any future references. Laboratory information system helps in providing the information regarding diagnosis, treatment, prevention management of the disease. By the implementation of automation in laboratories, the process can be made more productive by minimizing the non-value adding steps which include centrifugation, sorting tubes and prepping and sorting material for storage.

The growth of the market is driven by a host of factors that include need to enhance the workforce efficiency of clinical laboratories, increased demand for quality diagnosis with reduced errors and rising integration of information systems in the laboratory. The market is also aided by the increasing chronic infectious diseases, increase in per capita expenditure on healthcare and advancements in healthcare IT solutions. However, the growth of the market is hampered by a few factors that include high costs involved in laboratory information systems and lack of skilled healthcare professionals in the IT sector.

Laboratory Information System Market Forecast Report (2018-2023)

Laboratory Information System Market is currently valued at USD $1.47 Billion markets in 2018 and is estimated to reach $2.24 Billion by 2023 with a CAGR of 8.8%.

Laboratory Information System Market Segmentation

The global laboratory information system market is segmented on the based on the component as LIS Services, hardware, and Software. On the basis of end-users, the market is categorized as hospitals, independent laboratories, clinics, and others. Based on the delivery mode the market is segmented as cloud-based and on-premises. On the basis of geography, the market is divided into regions of North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa.

Laboratory Information System Market Key Players:

The laboratory information system market is aided by the increasing initiatives from government and industry players in the healthcare IT sector and laboratory services. The market is dominated by players like

Cerner Corporation,

Mckesson,

Epic System Corporation,

Medical information technology,

SCC Soft computer,

Sunquest Information systems,

Labware,

Compugroup Medical

Evident.

Reasons to Purchase Laboratory Information System Market Report

Market analysis of the globally LaboratoryInformationSystemMarket, with region-specific assessments and competition analysis on a global and regional scale

Analyze various perspectives of the industry with the help of Porter’s five forces analysis

The treatment type that is expected to dominate the market

Regions that are expected to witness the fastest growth during the forecast period

Identify the latest developments, market shares, and strategies employed by the major market players

3 months of analyst support, along with the Market Estimate sheet (in excel)

1. Introduction

1.1 Market Definition

1.2 Study Deliverables

1.3 Base Currency, Base Year and Forecast Periods

1.4 General Study Assumptions

2. Research Methodology

2.1 Introduction

2.2 Research Phases

2.2.1 Secondary Research

2.2.2 Primary Research

2.2.3 Econometric Modelling

2.2.4 Expert Validation

2.3 Analysis Design

2.4 Study Timeline

3. Overview

3.1 Executive Summary

3.2 Key Inferences

3.3 New Developments

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

4.1 Market Drivers

4.2 Market Restraints

4.3 Key Challenges

4.4 Current Opportunities in the Market

5. Market Segmentation

5.1 By Component

5.1.1 LIS Services

5.1.2 LIS Software

5.1.3 LIS Hardware

5.2 By End-User

5.2.1 Hospitals

5.2.2 Independent Laboratories

5.2.3 Clinical Laboratories

5.2.4 Others

5.3 By Delivery Mode

5.3.1 Cloud Based

5.3.2 On-Premises

6. Geographical Analysis

6.1 North America

6.1.1 Introduction

6.1.2 United States

6.1.3 Canada

6.2 Europe

6.2.1 Introduction

6.2.2 U.K

6.2.3 Spain

6.2.4 Germany

6.2.5 Italy

6.2.6 France

6.3 Asia-Pacific

6.3.1 Introduction

6.3.2 China

6.3.3 India

6.3.4 Japan

6.3.5 South Korea

6.4 Latin America

6.4.1 Introduction

6.4.2 Brazil

6.4.3 Mexico

6.4.4 Rest of Latin America

6.5 Middle East & Africa

6.5.1 Introduction

6.5.2 Middle-East

6.5.3 Africa

7. Strategic Analysis

7.1 PESTLE analysis

7.1.1 Political

7.1.2 Economic

7.1.3 Social

7.1.4 Technological

7.1.5 Legal

7.1.6 Environmental

7.2 Porter’s Five analysis

7.2.1 Bargaining Power of Suppliers

7.2.2 Bargaining Power of Consumers

7.2.3 Threat of New Entrants

7.2.4 Threat of Substitute Products and Services

7.2.5 Competitive Rivalry within the Industry

8. Market Leaders' Analysis

8.1 McKesson

8.1.1 Overview

8.1.2 Product Analysis

8.1.3 Strategic Evaluation and Operations

8.1.4 Financial analysis

8.1.5 Legal issues

8.1.6 Recent Developments

8.1.7 SWOT analysis

8.1.8 Analyst View

8.2 Cerner Corporation

8.3 Epic System Corporation

8.4 Medical information technology

8.5 SCC Soft computer

8.6 Sunquest Information systems

8.7 Labware

8.8 Compugroup Medical

8.9 Evident

9. Competitive Landscape

9.1 Market share analysis

9.2 Merger and Acquisition Analysis

9.3 Agreements, collaborations and Joint Ventures

9.4 New Product Launches

10. Expert Opinions

10.1 Market Outlook

10.2 Investment Opportunities

Appendix

a) List of Tables

b) List of Figures

Global, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market